Actually,USDCHF is a pair which is very easy to trade because Swiss franc links to GOLD price : 25% of Switzerland's reserves are backed by GOLD. If Gold is up, CHF is bought and vice versa.
Gold is now under sell-off pressure because gold is anti-dollar, when USD is stronger, gold is sold and vice versa. FED taper also contributes to sell-off pressure of gold, and this would transfer to USDCHF next week.
Currently, I have a LONG position of USDCHF to 23.6% Fib retracement I show on the chart : 0.8970
Gold is now under sell-off pressure because gold is anti-dollar, when USD is stronger, gold is sold and vice versa. FED taper also contributes to sell-off pressure of gold, and this would transfer to USDCHF next week.
Currently, I have a LONG position of USDCHF to 23.6% Fib retracement I show on the chart : 0.8970